Nokia upped to outperform by Bernstein

LONDON (MarketWatch) -- Nokia
NOK, +2.17%fi:nok1v
was upgraded to outperform from underperform by Bernstein Research, which said the majority of its concerns are now priced in following the profit warning on Friday from the mobile phone maker. "Moreover, while we believe 2009 is going to be a bad year for the handset industry, we also believe it is going to be a trough, from which Nokia is likely to exit in a strong position to maintain its industry leadership and grow earnings beyond 2009," it said.

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